Okta is an independent identity management platform for the enterprise. The Okta Identity Cloud is the company's platform that enables its customers to connect people to technology, anywhere, anytime and from any device. The Okta Identity Cloud consists of a suite of products to manage and secure identities. Products used for workforce identity are consumed through web and mobile interfaces, and provide ways for Information Technology organizations to manage identities for their employees, contractors and partners. The company's products include: Universal Directory; Single Sign-On; Adaptive Multi-Factor Authentication; Lifecycle Management; and Application Programming Interface Access Management.
  • TickerOKTA
  • ISINUS6792951054
  • ExchangeNASDAQ Stock Market
  • SectorSoftware & Computer Services
  • CountryUnited States
Jordan Lambert ...
  • Simon He

Okta: Initial Thoughts

Summary Okta’s stock hasn’t yet adjusted to reflect the significant Total Addressable Market (TAM) expansion unveiled earlier in the year. Okta’s vantage point in the identity space makes its ventures into neighbouring markets likely to succeed. Okta is at the heart of a number of tech evolutions, is the best-of-breed identity provider, and has a fantastic runway of growth. Despite the stock’s high multiple levels, over the long-term the downside seems truncated but the upside looks healthy – we believe the stock can comfortably double in the next 5 years.

OKTA INC sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of OKTA INC (US), a company active in the Software industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 9, 2021, the closing price was USD 244.26 and its potential was estimated at USD 292.50.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

ullish Tape Despite Inconsistencies Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight developments that are inconsistent with a major bottom in equities that suggests the broad equity market is not yet out of the woods. · S&P 500 Short-Term Levels. We continue to respect the bullish tape, however the S&P 500 remains in the 2855-2900 resistance zone while forming a bearish rising wedge pattern. This pattern results in a breakdown roughly 70% of the time. Still, support at 2760 would need ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. Still, the Materials and Energy Secto...

Okta Inc: 2 directors sold after exercising options/sold

Two Directors at Okta Inc sold after exercising options/sold 80,000 shares at between 238.208USD and 249.000USD. The significance rating of the trade was 88/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is rest...

Jordan Lambert ...
  • Simon He

Okta: Initial Thoughts

Summary Okta’s stock hasn’t yet adjusted to reflect the significant Total Addressable Market (TAM) expansion unveiled earlier in the year. Okta’s vantage point in the identity space makes its ventures into neighbouring markets likely to succeed. Okta is at the heart of a number of tech evolutions, is the best-of-breed identity provider, and has a fantastic runway of growth. Despite the stock’s high multiple levels, over the long-term the downside seems truncated but the upside looks healthy – we believe the stock can comfortably double in the next 5 years.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior